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SINGAPORE: Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in quarterly net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity.
THE timing was precise, the choreography immaculate: with two deft maneuvres, a new generation of the Oeri-Hoffmann family marked its growing influence over the wealthiest dynasty in Switzerland.
PETALING JAYA: Shares in Poh Kong Holdings Bhd and Tomei Consolidated Bhd hit limit up after jumping more than 30%, as gold prices hit a fresh record high of US$2,000 per ounce.
LONDON: BP cut its dividend for the first time in a decade after a record US$6.7bil second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company.
LONDON: BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company.
Monopoly power is a good gig if you can get it. The trouble is keeping lawmakers from knocking on your door.
SINGAPORE: Singapore banks are likely to report their average net interest margins fell the most quarter-on-quarter in 18 years as interest rates weakened, while profits on the year are seen taking a hit from the impact of the COVID-19 pandemic and weak asset quality.
THE SME Association of Malaysia has called for an organisation to be formed to appraise the qualifications of industry consultants as well as to develop certification standards and industry norms.
KUCHING: Naim Holdings Bhd intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.